Mississippi Procurement Portal #3170036382

City of Jackson, MS Seeks Lease Purchase Financing for Vehicles and Equipment Fleet

The City of Jackson, Mississippi, Department of Administration is seeking lease purchase financing proposals for a diverse fleet of vehicles and equipment valued at $1,013,256.10. - Government Buyer: - City of Jackson, Department of Administration, Municipal Clerk Department - OEMs and Vendors Mentioned: - Kubota - EX Mark - Dodge (Ram, Durango) - Chevrolet - World Lawn - Mahindra - Products/Equipment Requested: - 3 Gator Mowers - 3 Gooseneck Dump Trailers - 3 Kubota RTVs - 3 EX Mark Zero Turn Mowers - 7 Dodge Ram 3500 & 2500 trucks - 1 Dodge Durango (2026 model) - 1 48 Inch Zero Turn Mower - 1 Chevrolet Trax (2026 model) - 3 Compact Track Loaders - 1 World Lawn 60 Zero Turn Mower - 1 Mini Excavator 305 Cab - 1 Mahindra 1635 Compact Utility Tractor - Unique/Notable Requirements: - Lease purchase financing proposals must specify the interest rate and provide a full three-year amortization schedule - Lease term is three years with semi-annual payments in arrears - The City expects to be bank qualified for the relevant calendar year

Description

The City of Jackson, Mississippi is requesting Lease Purchase Interest Rate Proposals to purchase $1,013,256.10 in vehicles and equipment. The Lease Purchase Agreement will be for a three (3) year period with lease payments made semi-annually in arrears equally for principal and interest. The first payment is projected six months from the funding date, which is expected to be September 25, 2026. Proposals must include the lease purchase interest rate and an amortization schedule for the three-year period.

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